Regulatory Alerts2021-06-22
Added
Notice 756 Deposit and Lending Rates
The Monetary Authority of Singapore issued Notice 756 to require all banks in Singapore to inform the regulator at least one working day in advance of any changes to Singapore dollar interest rates for specified deposits and credit facilities. This regulatory framework was officially cancelled with effect from 1 July 2021. The cancellation also rescinded several historical circulars and notices, including Circulars No. BM 9/75, BM 4/76, BM 3/78, and Notice to Banks MAS 620.
Notices
Published Date: 22 June 2021
Requirements for banks to inform MAS of any change in Singapore Dollar interest rates.
View Notice
Notice 756 Deposit and Lending Rates [Cancelled with effect from 1 Jul 2021]
(178.4 KB)
This notice applies to all banks in Singapore. It sets out the requirement for banks to inform MAS at least one working day in advance of any change in Singapore dollar interest rates for specified deposits and credit facilities.
22 Jun 2021
MAS Notice 756 (Cancellation) (178.4 KB) takes effect from 1 Jul 2021.
16 Oct 1998 Circulars No. BM 9/75 dated 5 July 1975, BM 4/76 dated 21 July 1976, BM 3/78 dated 8 May 1978 and Notice to Banks MAS 620 dated 1 November 1983 are cancelled.
MAS 756 (16 Oct 1998) (83.6 KB)